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These days, finding an affordable place to live in the 87531 area can be challenging. Home prices in 87531 are now at a median cost of $178,420, lower than the New Mexico average of $199,923.
The average cost of rent is $665/mo in 87531, primarily driven by the current value of real estate in the 87531 area. While nearly 79.54% of residents own their homes outright in 87531, 13.14% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87531 is $3,368 per month. Households that rent pay about 19.75% of their income on rent here. 87531's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 87527, NM: equally priced homes
- 87582, NM: less expensive homes
- 87521, NM: less expensive homes
- 87549, NM: less expensive homes
- 87553, NM: less expensive homes
- 87511, NM: equally priced homes
- 87517, NM: higher priced homes
- 87543, NM: less expensive homes
- 87539, NM: less expensive homes
- 87579, NM: less expensive homes
Zip Codes with Similar Populations
- 24132, VA: less expensive homes
- 87940, NM: less expensive homes
- 25624, WV: less expensive homes
- 25139, WV: less expensive homes
- 24924, WV: less expensive homes
- 24881, WV: less expensive homes
- 24716, WV: less expensive homes
- 24476, VA: equally priced homes
- 24458, VA: equally priced homes
- 88350, NM: less expensive homes
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